CPO Futures Hit Fresh 3-Week High

CRUDE

palm oil futures prices on Bursa Malaysia Derivatives hit fresh

three-week highs yesterday as trade gained on expectations of a rebound

in exports.

The local market may trade half a day today, ahead of Hari Raya Aidilfitri.

September

2010 rose RM137 to RM2,785 a tonne, October 2010 rose RM38 to RM2,719 ,

November 2010 gained RM46 to RM2,674 and December 2010 was RM47 higher

at RM2,655.

Total volume, however, slipped to 16,007 lots from 18,489 lots on

Tuesday, while open interest climbed to 65,719 contracts from 65,404

earlier.

On the physical market, September South gained RM30 to RM2,780 a tonne.
Source : Business Times

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